Start up Dilemma.. Now What?
Discussion
Okay guys Ive got all my prices and package's setup now, ranging from a basic/entry level package right up to a deluxe package for those bigger companies! I have done some research regarding other companies offering this service and priced lower and accordingly, I even found a company offering the service of my deluxe package for £5000 per month! I am going to speak to an accountant this week to ask a few questions about working full time and this venture and paying tax/NI etc.
Okay guys bad news! After researching a lot this weekend I think this is going to be a no go for me, Ive lost around £12 not sole destroying but I will tell you why. I have spoken to a few more people who are already in this industry and a few uni students who are currently studying this subject, they have all told me different things but one of the main key points was experience and knowledge of marketing strategies. I have knowledge on SM and running ad runs on these platforms but as far as full blown marketing strategies go, I would be way out of my depth. I can offer basic Social Media Management, updating status' etc running ad's but I honestly don't think the return on this is worthwhile. I have found someone on fiverr doing this for 3 days for $5. The same girl is offering blog and press articles for $20.
As much as pursuing this as a full time venture goes I think its out of the picture for me. Looking at competitors that can offer not only basic management but ALOT more stretching to full blown marketing campaigns I just wouldn't survive in the market long. I think its better I be realistic with myself now than to invest more money and time into something that honestly after all the research this weekend, a market where I couldn't survive. I am no Social Media Expert but I know more than the majority but still not enough to control a marketing campaign for another company right now.
I am going to leave this idea, take it as a learning experience and crack on with the buses. I will manage self employment one day! One can only dream! haha
Anyway thank you to everyone for all the comment's and help you have given me
As much as pursuing this as a full time venture goes I think its out of the picture for me. Looking at competitors that can offer not only basic management but ALOT more stretching to full blown marketing campaigns I just wouldn't survive in the market long. I think its better I be realistic with myself now than to invest more money and time into something that honestly after all the research this weekend, a market where I couldn't survive. I am no Social Media Expert but I know more than the majority but still not enough to control a marketing campaign for another company right now.
I am going to leave this idea, take it as a learning experience and crack on with the buses. I will manage self employment one day! One can only dream! haha
Anyway thank you to everyone for all the comment's and help you have given me
Okay thank you for your replies, right now I am incredibly stressed and my mind is everywhere! haha Its all starting to sink into place that this is a real opportunity now and I am starting to second guess myself which is doing more bad than good. I am going to sit down go through everything I have up to this date and get my mind back focused. Regarding "Veronica's wedding dress" and the apostrophes, I am now using some proof reading software so that helps me pick up anything I may miss.
I understand the "sales" side of things but a lot of SM is about brand/business recognition online and engaging your online community. Its is basically electronic word of mouth, with the added POTENTIAL of increasing sales. Its allowing more people/ potential customers to see and know about your business and also allows people who are already customers/clients keep up to date with your business ( news/offers etc ). I would never say to a potential client pay me £X per month and your sales will increase by 50% per month because there is no saying as to what can happen. What I can say is that managing SM will increase your online presence on SM sites and engage your community on these business pages, by increasing your online presence on these sites there is a scope to bring in new customers/clients and POTENTIALLY increase your sales month in month out.
If we could all have private jets for £100p/week I am sure we would all have one! hahahaha Regarding me "saying I have already made a sale" I didn't say that, I said " I am hoping to get my first sale on friday " I have spoke to the women at the bridal store this morning and she doesn't want to go ahead with it right now, she has asked me to give her a call in 3 months time.
Okay so I am going to make a few points on my behalf now as to why I came to these forums and for exactly what. I came asking for a little advice on whether people thought this was a viable idea and if it could actually be implemented as a real working business. I understand your issue with my grammar etc but these are quick post's and replies I am making throughout the day whilst trying to work on this venture and getting everything setup. I did not come here to be scrutinized and patronized. I do not mind constructive criticism but it seems like you have totally just tried to cut me down. Now if I have taken this the wrong way I apologize on my behalf but, I am just trying to ask for some advice from people who have experience in the business world.
Regarding the 24/7 at the computer screen, obviously the post's are going to have to be scheduled but everything that I plan to send out will be re-read and amended should there be grammar mistakes. Many smaller business' do not require someone sat there 24/7 and if they want me to be sat there for that long, well they get what they pay for. Whilst working I get as many breaks as the next person so engaging and responding to the online communities wont be that difficult. Obviously if the business grew and was providing sufficient income I could work on this venture full time and would be behind a screen all day, managing several clients account's.
Once again if I have taken your comments the wrong was I do apologize, maybe it is the way I have read the post. Thank you for your help and comments anyway guys.
Regarding the 24/7 at the computer screen, obviously the post's are going to have to be scheduled but everything that I plan to send out will be re-read and amended should there be grammar mistakes. Many smaller business' do not require someone sat there 24/7 and if they want me to be sat there for that long, well they get what they pay for. Whilst working I get as many breaks as the next person so engaging and responding to the online communities wont be that difficult. Obviously if the business grew and was providing sufficient income I could work on this venture full time and would be behind a screen all day, managing several clients account's.
Once again if I have taken your comments the wrong was I do apologize, maybe it is the way I have read the post. Thank you for your help and comments anyway guys.
Well guys thought I would just give you all an update as to where I am now currently. Unfortunately I haven't made my millions yet! This business was a no starter for me, whilst working full time I just couldn't make this work. Guess its back to the drawing board for the future anyway!
It's been surprising what I've learnt even though I haven't launched the business, hopefully this will help me in the long run Anyway right now I'm working full time on the buses not working for myself yet but it will happen, I'm just going to take some time to get myself some savings together and go from there. Thank you for you comments guys
Anyway right now I'm working full time on the buses not working for myself yet but it will happen, I'm just going to take some time to get myself some savings together and go from there. Thank you for you comments guys Gassing Station | Business | Top of Page | What's New | My Stuff